Re:Mozilla to put ads in Firefox address bar suggestions
by throwaway2037 on Thursday October 07, 2021 @09:43AM
(#28786135)
A quick Google search tells me the rule in the United States IRS is: <<Generally, a private foundation must meet or exceed an annual payout requirement of five percent of the average market value of its net investment assets to avoid paying taxes.>>
Harvard endowment is so huge for two reasons: (1) fundraising, (2) earning more than 5% per year for long, long, long time. But they still must spend 5% per year of their massive endowment.
Running a non-profit with only an endowment (no fund-raising) for more than 20 years with is hard to do.
Harvard endowment is so huge for two reasons: (1) fundraising, (2) earning more than 5% per year for long, long, long time. But they still must spend 5% per year of their massive endowment.
Running a non-profit with only an endowment (no fund-raising) for more than 20 years with is hard to do.